Insider Selling: Mary Lou Fiala Sells 3,000 Shares of Regency Centers Corp Stock (REG)
Regency Centers Corp (NYSE:REG) Director Mary Lou Fiala sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $25.58, for a total value of $76,740.00. Following the completion of the transaction, the director now directly owns 26,341 shares of the company’s stock, valued at approximately $673,803. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Regency Centers Corp in a research note on Friday, May 23rd. They now have a $58.00 price target on the stock, up previously from $56.00. Separately, analysts at Jefferies Group raised their price target on shares of Regency Centers Corp from $45.00 to $47.00 in a research note on Wednesday, May 14th. They now have a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Regency Centers Corp from $45.00 to $47.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $52.13.
Regency Centers Corp (NYSE:REG) traded down 0.68% during mid-day trading on Monday, hitting $55.47. 167,866 shares of the company’s stock traded hands. Regency Centers Corp has a 1-year low of $45.31 and a 1-year high of $55.94. The stock’s 50-day moving average is $53.81 and its 200-day moving average is $50.43. The company has a market cap of $5.100 billion and a price-to-earnings ratio of 38.81.
Regency Centers Corp (NYSE:REG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.04. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, analysts predict that Regency Centers Corp will post $2.72 earnings per share for the current fiscal year.
Regency Centers Corporation, is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.